Chicago Area Investment Bank recapitalizes in aerospace, aviation, defense industry

The Chicago office of Corporate Finance Associates said it was the exclusive advisor to Solair Group, Inc. on its recapitalization led by Clavis Capital Partners and its president and co-founder, Wesley Yale.

Financing for the transaction was provided by Greyrock Capital Partners.

Founded in 2001 and based in Miami, Florida, Solair Group Inc. is a global supplier of tooling and Ground Support Equipment (GSE) for all types of aircraft. They offer full service technical support, maintenance tooling, ground support equipment, repairs, recertification, and calibration.

The CFA Chicago, acted as the sole advisor to Solair, which included M&A advisory services and financial expertise throughout the entire phase of the sale process. The transaction was led by Joe Contaldo, Managing director and Global Head of the Chicago firm´s Aerospace, Aviation and Defense Industry Practice Group.

CFA´s Aerospace, Aviation and Defense (AA&D) Practice Group is made up of professionals that focus on providing business owners advice on selling a business, growing through acquisitions, partnering with a private equity firm and raising capital. Recent transactions in include avionics and component repair, aircraft parts sales and distribution, maintenance, repair and Overhaul (MRO) operations, Fixed Base Operations (FBO) and airport services, Ground Support Tooling (GSE), repair management, OEM part fabrication and charter services.